Gold Tokenized: A New Era or Just a Fancy Trick?

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ComTech Gold, that paragon of modern finance, offers CGO-a token so pure, it’s practically a diamond in the rough, but backed by actual gold, not just dreams and speculation.

Lim Say Cheong, an award-winning finance and digital assets leader, with deep experience across global capital markets and sovereign advisory, now focuses on advancing tokenized gold-a pursuit as noble as it is bewildering. He recently joined the Bitcoin.com News Podcast to discuss the technology, where he undoubtedly explained everything in a way that left listeners both enlightened and profoundly confused.

https://open.spotify.com/watch?v=episode/45qIjuHn1azz1shlDQrx8h

During this episode, Lim shared his 30-year career in financial services, predominantly in the GCC, and explained that his interest in tokenization stemmed from his work in Islamic finance and the need to solve liquidity issues, particularly with gold. One can only imagine the excitement of watching a man explain why gold is both ancient and revolutionary.

The discussion quickly moved to the rationale behind tokenizing gold. Despite its 6,000-year history as a trusted store of value, physical gold is confined, expensive to transport, and slow to trade, making it difficult to integrate into modern digital finance. Tokenization, however, leverages blockchain’s speed and transparency, which is about as thrilling as watching a snail race a tortoise.

A significant portion of the conversation focused on the particular appeal of tokenized gold for Islamic institutions. Lim explained that gold is considered a ribbawi asset in Islamic finance, making it subject to the prohibition of riba (interest/usury). ComTech Gold’s token is structured to solve this by maintaining full asset backing to physical gold, which restores clarity of ownership and possession and avoids interest-based mechanics. A feat of engineering so precise, it could make a mathematician weep.

For the end retail user, Lim outlined several practical use cases that go beyond simple savings. These include using tokenized gold as collateral for financing, as lenders are reassured by the backing of physical, audited gold bars stored in blue-chip vaults. It also facilitates portfolio diversification for asset managers by allowing fractional value purchases, which is not possible with large physical gold bars. A revolution, or just a very fancy way to buy gold?

On the subject of market adoption, Lim clarified that liquidity is intrinsically tied to adoption, as more investors entering the market create greater depth. The fundamental infrastructure is in place to provide tradability, as fractionalizing the gold bar into small units allows retail investors to easily buy and sell on crypto exchanges. A world where even gold must be broken into pieces to be valued-how very 21st century.

Finally, Lim clarified a common misconception regarding “gold on-chain,” stressing that ComTech Gold’s process involves tokenizing real, audited gold bars that represent direct digital ownership of the physical asset, not just digitizing gold prices or creating synthetic exposure. This physical backing is key to convincing both institutions and retail users of the asset’s credibility. A noble endeavor, though one wonders if the gold itself is equally impressed.

To learn more about the project visit ComTechGold.com, and connect with Lim Say Cheong on LinkedIn.

The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes or Spotify.

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2026-02-03 12:07